The success or failure of every BRRRRS Project is dependent on the decisions made when buying BRRRR Method Property, to which we have added the last Element, the “Sale” of a BRRRRS Property, because the Profit, which becomes a Capital Gain when a BRRRRS Property has been Rented, is determined by the Buy Price and the extent of the Renovation Improvements  and not the eventual Sale Price which is Market Driven and broadly outside your Control to affect.

In most Locations, from high cost to low cost, you will find 3 supplies of unmodernized, low EPC BRRRRS Property.

Provided that you are using local/neighbourhood Labour in your Builder Power Team, a 4th Source are the Builders you employ, my policy was to pay my Builders £250 for introducing a Property that I bought.

In order of reliability and number of qualifying Properties, the Sources are:

• Auctions,
• Estate Agents
• Investor Marketing such as “We Buy for Cash, Same Day Decisions” either using Leaflet Drops or Location Advertising in the local Press.

I buy mostly through Auctions because I regularly find that the type of Properties I want, Terraced Housing, feature strongly in Auctions and I can rely on the Auction Timetable to deliver an Unmodernised Property when I am ready to start the next Project but I am quite prepared operate my mini Strategy of Stacking the Purchases where you buy and board until you are ready to start work.

The Auction Timetable is 3-4 weeks between Catalogue Release & Auction Day followed by another 2-6 weeks between Auction Day & Completion of Purchase, a total of 6-10 weeks with a low probability of a Property bought at Auction failing to Complete whereas some 30% of Estate Agents sales fail after an Offer has been accepted.